Latin America Drywall Market Size and Share Outlook - Forecast Trends and Growth Analysis Report (2025-2034)

The Latin America drywall market size reached around USD 2.95 Billion in 2024 . The market is projected to grow at a CAGR of 5.30% between 2025 and 2034 to reach nearly USD 4.94 Billion by 2034 .

Key Trends in the Market

Drywall, also known as gypsum board, refers to a type of board which is used as a construction component owing to its strength, proofing, and sound insulation. It is made of different layers of plies of heavy paper, plaster, and fibreboard that are hard bonded to provide extra strength to a structure.

• Drywall offers various advantages such as architectural freedom, shorter execution time, less requirement of labour, reduction of structure weight, resistance to fire, and immunity against microorganisms which is boosting its applicability across residential and commercial sectors in Latin America.
• Increasing demand for drywall in hotels, restaurants, supermarkets, schools, hospitals, malls, and commercial and corporate settings, owing to rapid infrastructure development activities, is further propelling the Latin America drywall market growth.
• The on-going renovation of industrial headquarters in the region, are boosting the application of custom drywall finishes to enhance the aesthetic appeal of structures.
• Growing research and development activities aimed towards reducing the impact on environment while producing drywalls, while generating lower debris, are expected to be the crucial market trends.

Latin America Drywall Market Segmentation

The report titled “Latin America Drywall Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:

Market Breakup by Type

• Standard
• Fire-Resistant
• Mould/Moisture Resistant

Market Breakup by Application

• Residential
• Commercial

Market Breakup by Country

• Brazil
• Argentina
• Mexico
• Chile
• Peru
• Colombia
• Others

Latin America Drywall Market Share by Application

The residential segment, based on application, accounts for a healthy share of the Latin America drywall market . Drywalls are being increasingly preferred for residential constructions compared to the traditional construction components, owing to their insulation and sound barrier properties. Increasing disposable incomes across the nations, rising usage of advanced design tools in homes, and increasing awareness about sustainable buildings are driving the growth of this segment. Moreover, the rising investments by governments in the region towards urban planning are expected to aid the segment’s growth in the forecast period.

Latin America Drywall Market Share by Country

Based on country, Mexico holds a decent share of the Latin America drywall market. Temperature during summer can cause high degree of discomfort especially across areas like Hermosillo. Hence, the drywall market is likely to witness growth opportunities in the coming years. In addition, presence of local suppliers in Mexico is augmenting the supply chain, thereby adding to the market growth.

Competitive Landscape

Saint-Gobain Group

Saint-Gobain Group is a leading multinational manufacturing corporation which designs, produces, and distributed construction and industrial materials. This corporation was founded in 1665 and is currently headquartered in Courbevoie, France.

Etex Group

Etex Group is a gypsum product manufacturing company which is the owner of leading commercial brands such as Cedral, Durlock, Equitone, Eternit, Gyplac, Kalsi, Pladur, and Promat, among others. The company was established in 1905 and is headquartered in Flanders, Belgium.

Trevo Drywall

Trevo Drywall is a prominent manufacturing company, product portfolio of which includes clover drywall sheets, metal profiles, ribbons, screws, pastas, and thermoacoustic insulation products, among others. The company was founded in 2008 and it is headquartered in Ceara, Brazil.

Other market players include Knauf Group, USG Corporation, Wacker Chemie AG, Georgia-Pacific Gypsum LLC, and Grupo Promax, among others.